Union Cabinet approves import of pulses through long-term contract with Mozambique

Posted on:06 Jul 2016 12:20:59

Union Cabinet approves import of pulses through long-term contract with Mozambique
06 July 2016 Current Affairs: The Union Cabinet has approved a long-term contract with Mozambique for import of pulses by signing a Memorandum of Understanding (MoU). The MoU aims to promote the production of Tur (Pigeon Peas) and other pulses in Mozambique by encouraging progressive increase in the trading of these pulses.

The MoU will augment domestic availability of pulses in India and thereby stabilise its prices. It aims at doubling the trade from 1 lakh tonnes in 2016-17 to 2 lakh tonnes by 2020-21. It has set target for exports of Tur and other pulses from Mozambique to India for five financial years i.e. till 2020-21. The pulses will be imported from Mozambique either through the Government-to-Government (G2G) or private channels nominated by two countries.

The total pulses production in India is estimated to be 17 million tonnes during the year 2015-16 while 5.79 million tonnes of pulses were imported to meet the domestic requirements. However, total availability of pulses including domestic production and imports were less than domestic requirements putting pressure on the prices of pulses during 2015-16 and 2016-17. 

Thus, to mitigate the shortfall in availability of pulses and supplement the existing efforts to meet domestic demand, Union Government has entered into long term G2G arrangement with Mozambique to ensure assured availability of pulses.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs July 2017

28 JULY
NEWS
27 JULY
NEWS
26 JULY
NEWS
25 JULY
NEWS

Current Affairs June 2017

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs May 2017

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
27 MAY
NEWS